insurence exam LIC HFL Assistant/Assistant Manager Mock Test Series Quantitative Aptitude Interest Compound Interest
Find the compound interest (in Rs.) on a sum of Rs. 7,500 for 4 years if the rate of interest is 20% per annum for the first two years and 10% per annum for the next two years. (The interest is compounded annually.)
1
5,586
2
5,658
3
6,558
4
5,568
5
5,650